CMN Resolution No. 5,253 — Adjusts rules applicable to the change of resource source in rural credit operations

Resolution No. 5,253

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,253, OF SEPTEMBER 25, 2025

Adjusts rules applicable to the change of resource source in rural credit operations.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on September 25, 2025, based on Art. 4, caput, item VI, of Law No. 4,595, of December 31, 1964, and Arts. 4, 14, and 21 of Law No. 4,829, of November 5, 1965,

RESOLVES:

Art. 1 The Section 6 (Reimbursement) of Chapter 2 (Basic Conditions) of the Rural Credit Manual – MCR shall enter into force with the following alterations:

“5 - ..........................................................................................................................................

a) it is applicable to financing contracted with financial charge equalization by the National Treasury – TN, in which case the operations must be previously reclassified by the financial institution to a non-equalizable source, observing the prohibition set forth in MCR 6-2-14;

.......................................................................................................................................” (NR)

Art. 2 Section 1 (General Provisions) of Chapter 6 (Resources) of the MCR shall enter into force with the following alterations:

“12 - ........................................................................................................................................

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c) when related to the resource sources referred to in the sections on Mandatory Resources, Rural Savings, and LCA, subject to compliance with direction, only one change of source may be carried out until the settlement of the operation, and it must:

I - observe the prohibition set forth in MCR 6-2-14; and

II - disregard the source exchange due to the provision of MCR 3-2-15-“d” for the purposes of applying the provisions of this item;

.......................................................................................................................................” (NR)

Art. 3 Section 2 (Mandatory) of Chapter 6 (Resources) of the MCR shall enter into force with the following alterations:

“14 - The use of Mandatory Resources as a resource source for investment operations and for Financing for Producer Price Guarantee – FGPP is prohibited, observing:

a) the exception set forth in MCR 6-2-9;

b) the possibility of maintaining investment and FGPP operations under the Mandatory Resources source, provided that regulations in force at the time of contracting allowed the use of Mandatory Resources as a source for these operations.” (NR)

Art. 4 Section 8 (Transitional Norms) of Chapter 6 (Resources) of the MCR shall enter into force with the following alterations:

“32 - If necessary, to extend operations to the same financial charges contracted, it is admitted that, until June 30, 2026, operations already submitted to a change of resource source may be subject to a second change of source, on an exceptional basis to what is provided in MCR 6-1-12-"c", provided they meet the following conditions, cumulatively:

a) the operations were contracted until June 30, 2025 and have financial charges equalized by the National Treasury – TN; and

b) the first change of source occurred until September 1, 2025.” (NR)

Art. 5 This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO
President of the Central Bank of Brazil